Munene, the journey...

President Kenyatta joined other African heads of state on March 21 in signing the #AfCFTA. What does this mean for Kenya? It means that Kenya's goods and services could have a broader market to sell to. It also means that locally made goods and services will face increased competition from similar products in the African market, especially if other countries have a comparative advantage. What is the projected net effect of these two sides of trade? Well, it's difficult to predict. It depends on which goods are on the schedule of reduction of tariffs both for other countries and Kenya. Pres. Kenyatta signs the AfCFTA Image courtesy of PSCU   Looking at other similar regional pacts such as North America's #NAFTA or the EU, we can see that trade between countries increases many fold. But as in the case of Mexico which saw the bankrupting of peasant farmers due to cheap corn and other agricultural produce from subsidized American farms, the aggregate effect might be po...